IFM Investors Pty Ltd Boosts Stake in Fidelity National Financial, Inc. (NYSE:FNF)

IFM Investors Pty Ltd increased its stake in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 10.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 63,710 shares of the financial services provider's stock after purchasing an additional 6,066 shares during the period. IFM Investors Pty Ltd's holdings in Fidelity National Financial were worth $3,954,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the stock. Capital Analysts LLC acquired a new stake in Fidelity National Financial during the 4th quarter worth $29,000. Opal Wealth Advisors LLC acquired a new position in shares of Fidelity National Financial during the 1st quarter worth about $32,000. Kapitalo Investimentos Ltda acquired a new position in shares of Fidelity National Financial during the 4th quarter worth about $44,000. Colonial Trust Co SC grew its position in shares of Fidelity National Financial by 130.1% during the 4th quarter. Colonial Trust Co SC now owns 796 shares of the financial services provider's stock worth $45,000 after buying an additional 450 shares during the period. Finally, Private Trust Co. NA grew its position in shares of Fidelity National Financial by 38.7% during the 1st quarter. Private Trust Co. NA now owns 738 shares of the financial services provider's stock worth $48,000 after buying an additional 206 shares during the period. Institutional investors own 81.17% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on FNF shares. Barclays decreased their price target on shares of Fidelity National Financial from $67.00 to $65.00 and set an "equal weight" rating for the company in a report on Tuesday. Keefe, Bruyette & Woods upgraded shares of Fidelity National Financial from a "market perform" rating to an "outperform" rating and set a $69.00 target price for the company in a research note on Tuesday, April 8th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Fidelity National Financial currently has a consensus rating of "Moderate Buy" and an average target price of $71.20.

Fidelity National Financial Price Performance

Shares of NYSE FNF traded down $2.39 during trading hours on Tuesday, hitting $55.21. 3,241,204 shares of the stock were exchanged, compared to its average volume of 1,245,016. The company's fifty day simple moving average is $56.94 and its two-hundred day simple moving average is $58.95. The company has a market cap of $15.16 billion, a PE ratio of 13.67 and a beta of 1.02. Fidelity National Financial, Inc. has a 1-year low of $47.93 and a 1-year high of $66.72. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.25 and a current ratio of 0.25.

Fidelity National Financial (NYSE:FNF - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.13 by ($0.35). The business had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $3.32 billion. Fidelity National Financial had a net margin of 8.43% and a return on equity of 14.88%. The firm's quarterly revenue was down 17.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.91 EPS. On average, sell-side analysts predict that Fidelity National Financial, Inc. will post 6.28 EPS for the current year.

Fidelity National Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Monday, June 16th were issued a $0.50 dividend. The ex-dividend date was Monday, June 16th. This represents a $2.00 annualized dividend and a yield of 3.62%. Fidelity National Financial's payout ratio is 49.50%.

About Fidelity National Financial

Fidelity National Financial, Inc, together with its subsidiaries, provides various insurance products in the United States. The company operates through Title, F&G, and Corporate and Other segments. It offers title insurance, escrow, and other title related services, including trust activities, trustee sales guarantees, recordings and reconveyances, and home warranty products.